RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of December 2, 2003 No. 409

About approval of Rules of implementation of activities of the payment agent

According to Item 3 of article 22 of the Law of the Republic of Kazakhstan "About joint-stock companies" and Item 9 of article 31 of the Law of the Republic of Kazakhstan "About the security market" the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed Rules of implementation of activities of the payment agent.

2. This resolution becomes effective after fourteen days from the date of state registration in the Ministry of Justice of the Republic of Kazakhstan.

3. To department of financial supervision (Bakhmutova E. L.):

1) together with Legal department (Sharipov S. B.) to take measures to state registration in the Ministry of Justice of the Republic of Kazakhstan of this resolution;

2) in ten-day time from the date of state registration in the Ministry of Justice of the Republic of Kazakhstan to bring this resolution to the attention of the interested divisions of central office and territorial branches of National Bank of the Republic of Kazakhstan, banks of the second level of the Republic of Kazakhstan and consolidation of legal entities "Association of financiers of Kazakhstan".

4. To management on ensuring activities of management of National Bank of the Republic of Kazakhstan (Terentyev A. L.) in ten-day time from the date of state registration in the Ministry of Justice of the Republic of Kazakhstan to provide the publication of this resolution in mass media of the Republic of Kazakhstan.

5. To impose control over execution of this resolution on the vice-chairman of National Bank of the Republic of Kazakhstan Saydenov A. G.

Approved by the Resolution of Board of National Bank of the Republic of Kazakhstan of December 2, 2003 No. 409

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